Tax Law

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Caplin & Drysdale: District of Columbia Alters Treatment of Municipal Bond Interest
Posted on 14 Dec 2011 by Caplin and Drysdale

By Beth Kaufman , Lucy Lee and Michael Pfeifer Effective January 1, 2012, the District of Columbia will no longer exempt the income on municipal bonds issued by all municipalities. Income from the following bonds will continue to be tax exempt for... Read More

Worst Idea of the Year? Cuomo Wins by a Landslide
Posted on 29 May 2013 by David Brunori

... [T]he worst example of political destruction of tax policy ideals comes from New York and Governor Andrew Cuomo. New York still faces relatively high unemployment, around 7.8 percent . Many parts of the state, particularly outside the city, are economically... Read More

Favorable, Unfavorable Exemption Rulings Available for Public Review
Posted on 19 Mar 2012 by Patricia Tyler

With the issuance of final Treasury Regulations, the IRS will now make available for public review favorable and unfavorable exemption rulings. The IRS for a while now has been making available for public inspection favorable exemption letters issued... Read More

Two Year Increase in Gift Tax Exclusion is Nearing Its End – The Window for Tax Savings Is Closing Quickly
Posted on 2 Apr 2012 by Morrison and Foerster LLP

By Genevieve M. Moore and Richard S. Kinyon , Morrison & Foerster LLP As reported in this space over the last several months, there has been unprecedented upheaval in the federal transfer tax world in the last few years. One element of this was... Read More

Practical Tax Considerations Relevant to U.S. Totalization Agreements
Posted on 6 Jul 2012 by Rufus v. Rhoades & Alexey Manasuev

Totalization agreements are one of the best kept secrets in the international tax arena. Very few practitioners know they exist, and fewer still know what those agreements do... ... Totalization Agreements: What They Are A totalization agreement... Read More

Practical Tax Considerations Relevant to U.S. Totalization Agreements
Posted on 6 Jul 2012 by Rufus v. Rhoades & Alexey Manasuev

Totalization agreements are one of the best kept secrets in the international tax arena. Very few practitioners know they exist, and fewer still know what those agreements do... ... Totalization Agreements: What They Are A totalization agreement... Read More

Favorable, Unfavorable Exemption Rulings Available for Public Review
Posted on 19 Mar 2012 by Patricia Tyler

With the issuance of final Treasury Regulations, the IRS will now make available for public review favorable and unfavorable exemption rulings. The IRS for a while now has been making available for public inspection favorable exemption letters issued... Read More

Two Year Increase in Gift Tax Exclusion is Nearing Its End – The Window for Tax Savings Is Closing Quickly
Posted on 2 Apr 2012 by Morrison and Foerster LLP

By Genevieve M. Moore and Richard S. Kinyon , Morrison & Foerster LLP As reported in this space over the last several months, there has been unprecedented upheaval in the federal transfer tax world in the last few years. One element of this... Read More

Caplin & Drysdale: District of Columbia Alters Treatment of Municipal Bond Interest
Posted on 14 Dec 2011 by Caplin and Drysdale

By Beth Kaufman , Lucy Lee and Michael Pfeifer Effective January 1, 2012, the District of Columbia will no longer exempt the income on municipal bonds issued by all municipalities. Income from the following bonds will continue to be tax exempt... Read More